In the cryptocurrency market there are three main chart patterns you could see:
The market is Bearish when the price of a certain asset moves downward, which means that people are selling it. Below, there are 12 examples of the bearish market with indications of the selling moments.
Yesterday the Tesla’s CEO, Elon Musk tweeted a song about NFTs. In the caption he said: “I’m selling this song about NFTs as an NFT”
The tweet immediately got the attentions of his many followers and in short time it got 7 Million views.
The American digital artist Beetle, who sold his digital artwork: “Everydays: The First 5000 days” for $69 Million rushed in with a bid of $69 Million. Musk tweeted that the price for his NFT was 420 Million of Dogecoins (lower than the offer made by the artist), and Beeple accepted the price and bought it.
Elon Musk with his 49 Million followers on Twitter is one of the most important and successful cryptocurrency influencer in the world. Its tweets get a wild attention and more than once he managed to influence the cryptocurrency market in positive or negative way.
But first of all, who is Elon Musk?
Born in Pretoria, South Africa in 1971, Elon Reeve Musk is a businessman, magnate and engineer. He is the founder, CEO and chief designer of SpaceX; investor and product architect of Tesla; founder of The Boring Company; co-founder of Neutralink and OpenAI. …
Decentralized Finance, also known as DeFi, is a form of finance based on the technology of the blockchain. What makes it different from the traditional finance is the absence of central financial intermediaries such as brokerages, exchanges and banks and the adoption of smart contracts to regulate the transactions between subjects.
A smart contract is a computer program or a transaction protocol which is intended to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement, which are decided by the users. …
In this period, you may have heard about NFT, but what is it and how can it be used? Let’s take a look together.
NFT stands for Non-Fungible Token. It is a cryptocurrency asset on blockchain which has a unique identification code and metadata, so that every NFT is different from another one and can only have one owner at a time.
NFTs and cryptocurrencies are different because, while the second…
New to crypto and you don’t know where to start? In this article I am going to introduce you the following interesting and easy strategies to get started!
So, let’s start
The Divergence Strategy is a crypto trading strategy used to predict when the price is going to start a new trend moving from upward to downward and vice versa. It is based on the RSI Index. RSI stands for Relative Strength Index, it can assume values from 0 to 100 and it is used to understand…
So, here we are, you finally decided that you want to start trading, you made your researches (you made them, right?), and you are fully ready to start.
BitRock Exchange made a short list for you with the most common mistakes to avoid when starting trading. Keep reading to know more.
One of the most common mistakes when start trading is not having a trading plan. However, it is highly recommended to decide in advance at least how much money you want to put in an investment and how much you are willing to lose.
So, keep in mind, if…
In the last few days the cryptocurrency market has showed high levels of volatility and a clear bearish trend.
On February 28th, Bitcoin went down by a 5.84%, reaching the bottom at $43418.02. It lost $2,691.96 from the previous close. Meanwhile most of the altcoins followed the same trend.
Taking a look at the charts of Ethereal (ETH), Binance Coin (BNB), Polkadot (ADA), Litecoin (LITE), ChainLink (LINK) and Dogecoin (DOGE), it is clear that also the altcoins went down in the same period. In particular:
ETH fallen from a value of $1935.60 on February 21st to $1416.05 …
Thanks to the opportunities offered by the cryptocurrency market to make money, and the low barriers to access to it, its popularity is growing more and more. Not only expert traders but also beginners are entering into the market. As any other kind of market, it has some risks you have to keep in mind, either you are expert or not, and with risks I am not talking about the volatility of the market, but I am talking about the scammers.
In this article I am going to outline the most common scams you could meet in the cryptocurrency market…
Are you new to crypto or just curious about it? You might have read some posts, comment and articles filled with many acronyms.
So, let’s take a look to them, and to what they really mean.
The term HOLD refers to the strategy of buy and hold, even when the price is dropping or when there is a high level of volatility. HODL is also explained as an acronym standing for “hold on for dear life” or some variation.
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